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Similar I have issues with Compass Real Estate getting 440M in funding to basically buy traditional real estate companies with some sort of mythical special tec
by mikeryan 8y ago
Similar I have issues with Compass Real Estate getting 440M in funding to basically buy traditional real estate companies with some sort of mythical special tech to make
home buying “better”
https://techcrunch.com/2018/09/27/safe-as-houses-compass-400m-real-estate-unicorn/ https://techcrunch.com/2018/09/27/safe-as-houses-compass-400...
- asah 8y agoApparently, they spent the 440M on signing bonuses for top realtors, who brought listings with them. I can't speak to the economics, but as an active buyer right now, I'm seeing Compass listings all over Streeteasy, where the other firms barely acknowledge that SE has upended the search process, and still try to peddle "buyer agent" services, like I can't just find listings online. Compass.com at least has "coming soon" listings.
- everybodyknows 8y agoIndeed. What value does Compass bring to the market that Redfin (standardized deal flow) and Zillow ("coming soon") haven't already?